Absolutely right!!! I picked up some this morning. I also rang...

Absolutely right!!! I picked up some this morning. I also rang Computershare and they are sending me a 'conversion' form so that I can convert whenever I like, just in case it is worthwhile to have the extra shares when TRR is spun off.

I notice that the oppies are consistently being sold at a price less than the holders would get if they converted first and sold the heads. When the SP falls a pit the oppies fall enough to ensure a comparative loss to the oppie holder/seller. It makes no sense at all, especially given the leverage available to the oppie holder over the next 5 months.